TechFlow News, February 25 — According to Reuters as reported by Cryptonews, amid stagnant job growth and slow wage increases, a growing number of young Indians are turning to cryptocurrency trading to boost their income.
Data shows that the combined trading volume of cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin on India's four major exchanges doubled in the fourth quarter of 2024, reaching $1.9 billion.
According to Grant Thornton Bharat, India's cryptocurrency market is expected to grow from $2.5 billion in 2024 to over $15 billion by 2035, with a compound annual growth rate of 18.5%.
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